Tax
Tax News & IRS Insights for Accounting Professionals
Accounting Today delivers news and analysis for accounting and tax professionals on federal and state tax developments, IRS guidance,information reporting, and operational implications for practices and clients. Our coverage focuses on legislative and procedural shifts that tax practitioners must monitor in planning, compliance, and advisory contexts.
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The American Institute of CPAs supports a bill to allow survivors of domestic abuse or spousal abandonment to file their taxes as if they weren't married.
July 31
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The One Big Beautiful Bill Act presents some complexities for wealthy families, alongside its extension and expansion of provisions in the Tax Cuts and Jobs Act.
July 30
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The IRS's Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships.
July 30
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The well-oiled firm; refundable credits in states; taxing settlement money; and other highlights from our favorite tax bloggers.
July 29
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The IRS has been mailing out letters to federal workers saying they are among 525,000 current and former employees who owe back taxes.
July 29
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A so-called corporate head tax is "on the table" as officials look for funds to help close back-to-back yearly shortfalls topping $1 billion.
July 29
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The legislation involves a 'thoughtful phaseout,' while leaving some investment opportunities, says one expert.
July 29
